SBAC Bank is one of the 4th Generation Private Commercial Banks in Bangladesh. It started journey in April 2013 with a vision to be the most customer-friendly and trustworthy Bank of the Country. The journey with a uniquely qualified leadership, a firm capital base and highly talented workforce has enabled us to offer our customers a wide array of differentiated financial solutions. The Bank offers the entire spectrum of financial services to customer segments covering Large and Mid-Corporates, SME, Agriculture and Retail Businesses.
Since its inception, SBAC Bank has been actively involved in various initiatives to promote and strengthen the Banking industry to become more resilient, effective, and efficient. As one of the country’s new generations and fastest growing banks, we offer our customers innovative financial solutions, modern technology-based products and services for businesses as well as individuals. In addition to conventional Banking, we also offer our valued customers Shariah compliant Islamic Banking products & services.
As of April 2024, we have an extensive network of 89 Branches, 31 Sub-Branches, 63 ATMs, 10 Islamic Banking Windows and 33 Agent Outlets across the country with 24/7 real time online connectivity. Our unparalleled leadership, remarkable client base and hardworking workforce have led us to achieve a robust business growth.
Our Vision
To be Leading-edge Bank exploring inclusive financial ecosystem by connecting individual, corporate & communities maintaining high standards of governance, ethics and creative value for our stackholders.
Our Mission
Ensure the best-run, customer-focused, integrated environment with a unique and inclusive employee culture.
Ensure work efficiency, capital adequacy, asset quality and sound management.
Deliver service excellence to all segments of customer.
Provide personalized services to women enterpreneurs, agro, SME & MSMEs for sustainable growth.
Protect the interest of society by fulfilling corporate social responsibilities.
Commitments
SBAC Bank PLC. is committed to be a source of positive impact for our people, our customers and the communities in which we do business. A number of core values embodies the way in which the Bank employees work together to deliver effective results for our customers and community.
Good governance is the backbone of any organization. Compliance is the prerequisite to establish good governance. In South Bangla Agriculture and Commerce Bank Limited, we believe in compliance Culture. ‘Compliance first; profit is it’s logical consequence’ with this motto the Bank is moving forward to accomplish the organizational goal.
Bank is mainly a service oriented organization. To meet the need of customer with satisfactory service, we adopted modern technology based Core Banking Solution. Our clients are at the center of our activities and their satisfaction is our ultimate objective. Our success is dependent on our ability to provide the best products and services to our clients; we are committed to help our clients achieve their goals.
Discipline and perseverance govern our actions so as to achieve outstanding results for our clients and outstanding returns for our stakeholders. Service excellence guides our commitment to our clients. We work with our clients to reach their current goals while anticipating and planning for their future objectives.
We value open and clear communications which develop confidence and trust for our customers, shareholders and employees.
We believe in the highest standards of personal and professional ethics in all aspects of our business. We comply fully with the letter and spirit of the laws, rules and practices that govern SBAC Bank’s business. We say what we do and do what we say.
Since our inception, the Bank believes innovation is a core competitive advantage and promotes it accordingly. We strive to lead the financial services industry to a higher level of performance in serving the millions of our people who are still under privileged or unbanked.
We ensure access to information openly within the stakeholders of the Bank. We believe in Total Quality Management (TQM) within the Bank. We value and respect one another’s cultural backgrounds and unique perspectives.
We respect the individual whether an employee, a client, a shareholder or a member of the communities in which we live and operate. We treat all with dignity and respect and take reasonable time to answer queries and respond to concerns. We firmly believe that each individual must feel free to make suggestions and offer constructive criticism. SBAC Bank is a meritocracy, where all employees have equal opportunity for development and advancement based only on their merits.
Management Philosophy
Our bank has been sharing this philosophy as a starting point for all of our business activities since its formation. We believe that the creation and provision of new values based on customers’ perspectives will strengthen the relationship of mutual trust between our customers and the Bank, and become a source of mutual development.
Our Bank recognizes that contributing to “State of the Art System based Services” to our customers throughout the world leads to the development not only of local communities, but also the international community as a whole, and we conduct our business activities with the aim of providing the highest quality of solutions in each area of operations.
Rather than being contented with the present situation, we are constantly in search of new and better ideas to put into action in order to improve and enhance our business activities. This is the basic philosophy of human resources development of the bank and we believe that the Bank’s unique corporate culture will be further developed by the continuation of practicing this philosophy.
We promote transparency and excellence and we comply with Provisions of Laws in the Bank’s management and in all aspects of its business activities and strive to further enhance its corporate value while conducting sound activities. We believe in ethical values, due diligence and good governance as a whole.
By treating our stakeholders (such as shareholders, customers, business partners, employees and local residents) and the global environment with respect, we strive to continue to be a good company for both people and the earth.
Milestones
Serial
Name of the Event
Date
1
Inauguration of Agent Banking Operation
25/05/2022
2
Obtained License of Consent from the BSEC to go public through Initial Publis Offering (IPO)
01/06/2021
3
Approval of the Application for obtaining a new Trading Right Entitlement Cetificate (TREC) of Dhaka Stock Exchange
30/05/2021
4
Commencement of operation of the Off-Shore Banking Units (OBU)
22/10/2020
5
Obtained License from Bangladesh Bank for Opening the Islamic Banking window of SBAC Bank Ltd
26/07/2020
6
Inauguration of App-based Banking 'Banglapay'
16/12/2018
7
Establishment of SBAC Bank Foundation
26/11/2017
8
Obtained Patel Award of Sardar Patel Trust, Gujrat India
23/09/2016
9
Obtained Letter of Appreciation, awarded by Bangladesh Bank
04/02/2016
10
Joining the National Payment Switch Bangladesh (NPSB)
01/10/2014
11
Live ATM and Card Operation
09/03/2014
12
Inauguration of BACPS & BEFTN Operation
20/11/2013
13
Obraining Foreign Currency Transactions Licence
13/05/2013
14
Inauguration of Principal Branch
28/04/2013
15
Inauguration of Head Office
03/04/2013
16
Enlistment as Scheduled Bank
01/04/2013
17
Licence Issued by Bangladesh Bank favoring SBAC Bank Ltd.
